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LoCo Real Estate Year in Review for 2014

patio 3

After a strong 2013 which saw sales rise 21% most of us in the real estate industry were expecting a banner year for 2014. It didn't quite turn out that way, however a strong fourth quarter has us optimistic for a better 2015. Let's take a look... Our first chart shows a month by month breakdown of the actual number of homes sold last … [Read more...]

Most Expensive Homes Sold in LoCo, 2014

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This is one of my favorite posts to write and always one of our most popular. Only the top seller this year would have cracked 2013's top 5 but all signs point to a bounce back for the 2015 real estate market. Let's get to it, here are the top 5 most expensive homes sold in LoCo for 2014: 40182 Monroe Valley Place, Aldie: $2,400,000 The … [Read more...]

LoCo Market Update: Whatcha Waiting For?

Fence

Don't be distracted by the gnarly old tree, this is a picture of a fence. They are uncomfortable to sit on and people tend to be on one side or the other. It sure seems like this is where all the buyers are right now and it's kinda tough to understand. Let's take a look... Inventory isn't an issue. Earlier this year during the peak selling … [Read more...]

How Much Home for $500K in LoCo, Sept 2014

Log cabin in Waterford

It's been a while since we wrote about what you can get for your money in LoCo so let's take a look. On May 21st there were 1346 total homes on the market with 84 in the $500,000 price range. Today, if you are searching in the $500,000 price point, you have 119 of the 1706 total homes currently on the market from which to choose. (As shown in … [Read more...]

How Much Home for $400K, June 2014

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It's not unusual for this segment of the market to be the most active, however 40% more listings than the next closest price range is kind of surprising. If you are searching for a home in the $400,000 ball park, you have 178 of the 1548 total homes currently on the market from which to choose. (As shown in the multiple listing service this … [Read more...]

Market Update: Leesburg, June 2014

King Street in Leesburg

It's the first week of summer and the end of the spring market. Let's take a look at how Leesburg's market fared during our busiest selling season... The chart above shows the total number homes sold by zip code in Leesburg. May marked the third straight month where volume has been down compared to 2013 with 33 fewer homes sold. There were … [Read more...]

LoCo Update: Midyear Luxury Report

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We currently have a beautiful home for sale on Black Gold Place in Beacon Hill. The list price is $849,000 and as we have been updating our clients on the market activity one thing is clear, the pool of buyers seems to have shrunk! So far this year, 54 homes have sold between $800,000 and $999,000. Two key points: They spent between … [Read more...]

How Much Home For $300K in LoCo, May 2014

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Last week when we wrote about homes in the $500,000 price range there were 1346 active listings. Here we are a week later and 45 more homes have hit the market. If you are searching in the $300,000 price point, you have 87 of the 1391 homes currently on the market from which to choose. (As shown in the multiple listing service this morning, … [Read more...]

How Much Home For $500K in LoCo, May 2014

Log cabin in Waterford

Since we last wrote about this, the number of homes for sale in Ashburn, Sterling, and Leesburg have doubled while the rest of LoCo has stayed constant. If you are searching in the $500,000 price point, you have 84 of the 1346 total homes currently on the market from which to choose. (As shown in the multiple listing service this morning, … [Read more...]

Slow Rising Tide in LoCo

Dunrobin home

A month ago we wrote about how few listings there were on the market, 660 non new construction homes to be exact. Here we are one month later and we've only climbed to 835 on the multiple listing service. How did we get there? 680 homes have been listed since February 26, with 251 of those currently under contract or already sold. That's … [Read more...]